Question: Elm Street Motors maintains a petty cash fund of 200

Elm Street Motors maintains a petty cash fund of $200. On December 31, the fund holds $12 cash, petty cash tickets for office supplies, $121, and delivery expense, $55.

Requirements
1. Make the journal entry to replenish the petty cash fund.
2. Elm Street Motors decided to increase the petty cash fund by $80. Prepare the journal entry.


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  • CreatedApril 29, 2014
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